Finance

There are a lot of steps in shopping for a new car, but the final step may be the most difficult – financing. Navigating the world of down payments, interest rates, monthly payments, and more alone can be confusing, if not outright overwhelming. Fortunately, you don’t have to do it alone. Here at Colonial Motor Mart, the dedicated team of finance experts in our finance center is here to guide you through the maze of automotive financing and help you emerge from the end with financing terms that fit your budget and ownership goals. Whether you are looking for a loan, lease, or simply to buy a new car with cash, our finance team is here to point you in the right direction and help you save as much of your hard-earned money as possible.

Finding Financing

There are several aspects of financing a new car, but the Colonial Motor Mart financing team is here to help with all of them. The first, and most important, step is simply determining how to finance your new purchase. While the majority of our customers continue to use a traditional auto loan, leasing is an increasingly popular option that has its own set of distinct advantages. If you haven’t yet considered a new car lease, consider that it usually comes with lower monthly payments and may allow you to enjoy a nicer and newer car than going with a traditional loan.

If you do decide that a loan is the right course of action for your needs, then there is still a lot to consider. We always recommend shopping around with a few different lenders rather than going with the first one to say yes. If that seems like a lot of work, don’t worry – our finance team works with a range of lenders and can shop around for you to make sure you get competitive terms for your auto loan. By applying for financing through our website before paying us a visit, we can get a head start on the finance process and give you an idea of what you can expect before you start shopping.

Finally, you have to choose the right loan terms that fit your budget. You will need to consider both the total loan amount as well as the monthly payments. A shorter loan term will usually result in lower interest rates and spending less money overall but will come at the cost of higher monthly payments. On the other hand, a longer loan will put less stress on your month-to-month finances, even if you will end up paying a bit more in the long run. How much money you can spend on the down payment (including any trade-in you have) will also have a large impact on the loans you can secure.

A Team That Works for You

All six Colonial Motor Mart locations have a team of skilled finance experts who can walk you through all the complexities of auto loans and leases to get you the best deal around. If you have any questions about any aspect of the process, we will get you the answers that you need to make informed decisions that will save you money and reduce your financial burden. While we can handle most of the financing process for you, we promise to keep you in the loop so that you know exactly what we are doing at every step of the way.

Financing is all too often seen as an opaque process that the buyer has little control over. However, nothing could be further from the truth. Your choices during the financing process will directly affect your payments for years to come, and with our team by your side, you will be able to discover savings and better understand just how financing works. Colonial Motor Mart is waiting to provide you with the best car buying experience around.